Understanding the Amended Tax Return Form

Author's Note: Understanding the Amended Tax Return Form

I've always been worried about making a mistake on my income taxes and feeling the wrath of the IRS. However, learning the process of how to correct mistakes actually helped reduce my anxiety about the process. On the other hand, my desire to avoid disputes that require a 1040X provides excellent motivation for keeping good records throughout the year.

Wood, Robert W. "IRS Can Only Go Back 3 Years, Right? How About 10 Years or Forever." Forbes.com. May 9, 2014. (Nov. 20, 2014) http://www.forbes.com/sites/robertwood/2014/05/09/irs-can-only-go-back-3-years-right-how-about-10-years-or-forever/